Housing costs in Beaver Creek?
A typical home costs
$229,700, which is 32.1% less expensive than the national average of
$338,100 and 25.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Beaver Creek costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 6.9% cheaper than the state average of
$1,240.
Can I afford Beaver Creek?
To live comfortably in Beaver Creek (zip 56116), Minnesota, a minimum annual income of
$43,920 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Beaver Creek?
The cost of living in 56116 Beaver Creek, MN is relatively low compared to the US average. According to BestPlaces.net, the cost of living index in Beaver Creek is 78.9, which is 22.1 points lower than the national average of 100. This means that overall, residents in Beaver Creek typically pay less for goods and services than their counterparts in other parts of the country. Rent is also significantly lower than the national average with a one-bedroom apartment averaging around $735 per month. This makes it an attractive option for those looking for affordable living with access to all the amenities of a larger city like Minneapolis - being only about 40 miles away.